The Wall Street Journal reported that Prosper Marketplace Inc. for 2016, reported $30.3 million in charges “mostly related to the settlement of a loan-buying dispute with one of its investors, the hedge-fund firm Colchis Capital Management, L.P. Prosper agreed to pay Colchis $9 million in cash and issue the firm warrants to purchase 7% of [Prosper’s] shares. Prosper said the fair value of the warrants…was $21.7 million.” The Moses & Singer attorneys who represented Colchis in this dispute were Alan Kolod, Mark Parry, David Rabinowitz, Gregory Fleesler, Shari Alexander and Megan Daneshrad.

Attorney Advertising. Prior Results Do Not Guarantee A Similar Outcome.